If you're on the lookout for a powerful trading tool, the Exp_ColorXvaMA_Digit Expert Advisor (EA) might just be what you need. This innovative EA is built on the ColorXvaMA_Digit indicator, which signals trading opportunities based on color changes in its line. Essentially, when a bar closes and the indicator shifts color, that's your cue to consider a trade.
Before diving into the action, make sure you have the compiled indicator file ColorXvaMA_Digit.ex5 in your trading setup. You can place this file in your terminal_data_folder/MQL5/Indicators directory to get started.
One of the standout features of this EA is its compatibility with brokers that provide a nonzero spread. Plus, thanks to the TradeAlgorithms.mqh library, you have the option to set both Stop Loss and Take Profit levels right when you open a position. If you're interested in exploring more variations of this library, you can grab them from here: Trade Algorithms.
The testing carried out for the default input parameters of this EA shows promising results. Notably, Stop Loss and Take Profit settings were not utilized during these tests, which could indicate even greater potential under different conditions.
Fig1. Examples of deals on the chart
Here's a snapshot of the testing results for 2015 on the GBPUSD H8:
Fig.2. Chart of testing results
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